Dogecoin, XRP and Cardano Hit Lowest Prices Since 2024 as Altcoins Fall Harder Than Bitcoin

💡 DMK Insight

XRP’s drop to $1.81 is a red flag for altcoin traders: here’s why. With Bitcoin’s downturn, altcoins like XRP and Dogecoin are feeling the heat, hitting lows not seen in over a year. This trend suggests a broader market sell-off, where traders are fleeing to safety, often favoring Bitcoin over altcoins during bearish phases. For those trading XRP, the $1.80 level is crucial; a sustained break below could trigger further selling pressure, potentially dragging it down to the next support level. On the flip side, if Bitcoin stabilizes, we might see a rebound in these altcoins, but that’s a big if. Keep an eye on Bitcoin’s price action as it often dictates the altcoin market’s direction. Also, watch for any news that could impact market sentiment, as that could lead to sudden volatility in these assets. In the short term, traders should monitor the $1.80 support level for XRP and the overall sentiment in Bitcoin to gauge potential recovery or further declines.